VANCOUVER, BC - March 21, 2012 (Investorideas.com Mining stocks newswire) Silver Investor News Alert: SilverCrest Mines Inc. (TSX-V: SVL OTCQX: STVZF) announce the results of the first six holes of 18 Phase II core holes (approx. 8,000 metres) completed to date at its La Joya Property in Durango, Mexico. Phase II contemplates a total of 80 holes (approx. 15,000 metres) and drilling to date has extended the Main Mineralized Trend (“Trend”) an additional 500 meters to the northwest from the current resource area (see attached figures). http://media3.marketwire.com/ docs/svl320_F1-2.pdf

The width of the Trend averages approximately 500 metres; narrowing to the northwest (approx. 300 metres) and widening to the southeast (approx. 800 metres) and has been traced along strike with drilling and surface sampling for approximately 2,500 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

 Also Watch the BNN Interview with Scott Drever for more info

http://vod.bnn.ca/Video/632809

 J. Scott Drever, President stated: "In January we announced an initial Inferred Resource on a portion of the Trend of 57.9 million tonnes grading 28 gpt Ag, 0.18 gpt au and 0.21% Cu and containing 101.9 million ounces Ag Equivalent*. A portion of the Phase II drilling is intended to explore the possible expansion of this resource estimate to the northwest as well as the southeast along the Trend and infill some of the wider spaced drill holes within the resource area. The remainder of the program will test three targets adjacent to the Trend which have been shown by historical drilling and sampling to host significant Ag, Cu, Au, W, and Mo mineralization".

The underlying intrusive is exposed at the surface on the southern end of the Trend and from the recent drilling, appears to be increasing in depth at the northern end of the Trend. The best reported intercept in this series is from a verified historical drill hole (LB96-04R) and is thought to represent an extension of mineralized mantos that are drill-defined to the southeast. The Company has been given access to over 8,000 metres of historic core for validation including hole LB96-04. A portion of LB96-04 was previously independently validated and is presented in the "Resource Estimate for the La Joya Property, Durango, Mexico, NI 43-101 Technical Report" date February 20, 2012.

 Core samples for holes L J DD12-33 to 42 are currently in the laboratory and assays will be reported upon receipt and compilation. Also, further assay results from splitting and sampling of historic core are being received and compiled. Several holes contain anomalous molybdenum (Mo) and tungsten (W) values over significant widths in skarn.

SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, M�xico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.

 FORWARD-LOOKING STATEMENTS

 This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.

 Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

 The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

 "J. Scott Drever"

J. Scott Drever, President

SILVERCREST MINES INC.

 Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Contact:

 Fred Cooper

Telephone: (604) 694-1730 ext. 108

Fax: (604) 694-1761

Toll Free: 1-866-691-1730

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.silvercrestmines.com

Suite 501 - 570 Granville Street

Vancouver, BC Canada V6C 3P1

 Published at the Investorideas.com Mining Newswire

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